Government Consumption in Vietnam
The economy of Vietnam recorded an average growth rate of 4.6% in government consumption in the decade leading up to 2022. In 2022, government consumption growth was 3.6%.
Vietnam Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Vietnam from 2014 to 2023.
Source: Macrobond.
Vietnam Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 5.4 | 1.2 | 4.5 | 3.6 | 3.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Vietnamese government consumption projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Vietnamese government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese government consumption projections.
Want to get access to the full dataset of Vietnamese government consumption forecasts? Send an email to info@focus-economics.com.